Latest news from Heavy Lift & Project Forwarding International Magazine

Erickson acquires Evergreen Helicopters

March 20 - Oregon, USA based Erickson Air-Crane International is set to acquire Evergreen Helicopters Inc. (EHI) in a deal worth USD250 million.

Erickson Air-Crane - operator and manufacturer of the Erickson S-64 Aircrane heavy-lift helicopter - executed a stock purchase agreement of EHI from Evergreen International Aviation.
 

EHI, based in McMinnville, Oregon, is a provider of air transport services for cargo and personnel to government and commercial customers. The acquisition will land Erickson Air-Crane a fleet of 64 aircraft, consisting of both helicopters and fixed-wing airplanes. EHI has a presence in North America, Middle East, Africa and the Asia-Pacific.
 
Udo Rieder, president and ceo, Erickson Air-Crane, said: "We are very excited to be on the cusp of truly transforming our business. We are successfully transcending our market position as a leader in heavy-lift operations to build a diverse, global aviation services provider."
 
The transaction is expected to close during the second quarter of 2013.

 
www.ericksonaircrane.com
 
www.evergreenaviation.com
 

Heavy Lift | News

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 346
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 734
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 844
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 593

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.